Hi Lost.
I like your enthusiasm but PAC owns 100%of management fee and only 25% of performance fees if I understand a previous explanation that was put forward. This might mean only approx between $8and $10mil would be PACs share. Assume some extra cost and additional revenue to PACs bottom line might be closer to $5-$7mil BFT.
Still 8-10cpsNPAT on a conservative estimate.
Happy to be corrected. Greg
Aether Real Assets Seed Partners I - $750M Capital Raising Target, page-4
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